To this point, REX Shares’ MicroSectors lineup has consisted solely of its FANG-related ETN products. Today, it’s adding a batch of big bank leveraged ETNs to the group. The ETNs are linked to the Solactive MicroSectors™ U.S. Big Banks Index and will be issued by Bank of Montreal. MicroSectors™ U.S. Big Banks Index 3x Leveraged ETN (BNKU), MicroSectors™ U.S. Big Banks Index -3x Inverse Leveraged ETN (BNKD), MicroSectors™ U.S. Big Banks Index 2x Leveraged ETN (BNKO), MicroSectors™ U.S. Big Banks Index -2x Inverse Leveraged ETN (BNKZ), and MicroSectors™ U.S. Big Banks Index Inverse ETN (KNAB) provide various degrees of exposure to an equal-weighted index of the 10 largest U.S. banks. The index constituents are: Bank of America Corporation (BAC), BB&T Corporation (BBT), Citigroup Inc. (C), The Goldman Sachs Group, Inc. (GS), JPMorgan Chase & Co. (JPM), Morgan Stanley (MS), The PNC Financial Services Group, Inc. (PNC), The Charles Schwab Corporation (SCHW), U.S. Bancorp (USB) and Wells Fargo & Company (WFC).Banks are in a tricky spot thanks to a flattened and declining yield curve and a Fed that is determined to keep rates lower for longer. Sentiment on the group is largely negative and could continue to be under pressure for the remainder of 2019.The FANG-focused ETNs already in the MicroSectors lineup include FNGU, FNGO, FNGZ and FNGD.